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  3. a capital deficiency means that: * the partnership

A capital deficiency means that: * The partnership has a loss. The partnership has more...

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Accounting

A capital deficiency means that: * The partnership has a loss. The partnership has more liabilities than assets. At least one partner has a debit balance in his/her capital account. At least one partner has a credit balance in his/her capital account. The partnership has been sold at a loss

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